search query: @all company restructuring / total: 94
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| Author: | Seicht, G. |
| Title: | Insolvenzauslösungstatbestände und Jahresabschluss. |
| Journal: | Journal für Betriebswirtschaft
1994 : VOL. 44:6, p. 264-281 |
| Index terms: | COMPANY REPORTS FINANCIAL STATEMENTS CORPORATE SOLVENCY CORPORATE LIQUIDITY LIQUIDATION LEGISLATION |
| Language: | ger |
| Abstract: | The article reflects on necessary reforms of the legislation concerning annual financial statements if these statements should provide information for the decision to liquidate an enterprise or not. There are two basic reasons for liquidating enterprises: insolvency and over-indebtedness. Annual financial statements established under actual legislation do not offer the information necessary to decide the above mentioned question as they reveal only a formal over-indebtedness based on book value. This situation must be commented on in the notes to the annual financial statements. In practice these comments provide insufficient information on future cash flows and financial transactions. Future legislation should lay down that a debt restructuring plan must be included in the notes. |
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